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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Strong interest in TSO transaction-adviser RFP, but doubts raised over timeline

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Nearly 100 people participated in a compulsory briefing session on Friday for those wishing to bid to become the transaction adviser to the National Treasury in relation to the establishment of a fully independent State-owned Transmission System Operator (TSO), which would own the transmission assets currently falling under an Eskom subsidiary. A request for proposals (RFP) in relation to the appointment has been issued by the Infrastructure Finance and Implementation Support Agency (IFISA), which is housed at the Development Bank of Southern Africa, and a bid submission deadline of 23:55 on September 30 has been set.

State of the SMME 2026 report finds small businesses are surviving, but struggling to scale

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The second ‘State of the Small, Medium and Micro Enterprise (SMME) in South Africa’ report found that almost one-third (32.1%) of small businesses surveyed have been operating for more than two decades. This finding points to a persistent challenge for the country’s small-business sector – the fact that even established businesses that have survived for years, and often decades, do not consistently scale up into larger employers.

Call made for extended long-steel rebate coverage amid reports of shortages

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There are fresh moves under way to persuade government to implement additional duty rebates on long-steel products being imported into South Africa amid reports of supply shortages that have arisen after the closure by ArcelorMittal South Africa (AMSA) of its longs business. Following the first phase of a wide-ranging steel tariff review, duties were increased from 0% to 10% in May across all long-steel imports, including on bars, rods, wire, sections and structural steel.

Strike-capable vertical takeoff, landing drone launched by Paramount

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A reusable vertical takeoff and landing (VTOL) unmanned aircraft – the V-Raven – was launched by aerospace and defence technology company Paramount at the Africa Aerospace & Defence (AAD) expo on September 18. The V-Raven is designed to provide persistent intelligence, surveillance, reconnaissance (ISR) and light attack capability in demanding operational environments. The development comes as African armed forces face increasingly complex security challenges across vast and often difficult-to-access areas that are usually widely dispersed, says Paramount in a statement. The V-Raven’s capability enables it to stay on station longer.

Mobile tactical observation post unveiled at AAD

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Armoured products manufacturer SVI Engineering unveiled its new Tactical Observation Vehicle at the Tshwane-hosted biennial Africa Aerospace & Defence (AAD) expo on September 17. Built on a Toyota Land Cruiser 79 Series platform, SVI’s Tactical Observation Vehicle employs an additional rear axle that can either be powered (for true 6 X 6 capability) or unpowered (6 X 4) to accommodate the enlarged rear observation platform.
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